The first tip is to always know how much money you have in your bankroll. This might seem like a no-brainer, but you would be surprised how many sports bettors don't keep track of their bankroll. It's important to know how much money you have because it will help you make better betting decisions. If you don't know how much money you have, you might make a bet that is too risky. This can lead to losing all of your money in one bet.

 

Another important tip is to never bet more than you can afford to lose. This is similar to the first tip, but it's worth repeating. You should always set a limit for how much you are willing to lose in a day, week, or month. Once you reach that limit, stop betting. This will help prevent you from going broke.

 

Finally, don't chase your losses. This is a common mistake that sports bettors make. They will have a losing streak and then try to win their money back by betting even more. This is a dangerous cycle that can lead to losing even more money. If you find yourself on a losing streak, take a break and rethink your strategy.

 

These are just a few tips for managing your bankroll. If you follow these tips, you will be on your way to success.